XRP is currently priced at $2.21, reflecting a significant 5.47% decline over the past 24 hours, with a daily range between $2.19 and $2.38. The trading volume is notably high at approximately $5.27 billion, equating to a volume-to-market cap ratio of 3.96%, indicating active trading but also potential volatility.

The hourly moving averages show a bearish trend, with the 8 SMA at $2.22 and declining, signaling short-term weakness. The RSI metrics reveal further bearish sentiment; the 1-hour RSI is at 29, indicating oversold conditions, while the 7-day RSI at 43 suggests weak momentum as it approaches the oversold threshold.

From a longer-term perspective, XRP has experienced a 7-day price decline of approximately 9.84% and a 30-day decrease of nearly 23%. These negative price changes are further compounded by the current price being significantly below its all-time high of $3.65, reached in July 2025, which reflects a considerable distance for recovery.

Given the current bearish indicators across short-term moving averages and RSI metrics, along with the overall trend of declining prices, the market sentiment leans towards caution. With the price hovering near support levels and the potential for a rebound, a hold strategy may be appropriate in anticipation of market stabilization, but caution is advised due to the prevailing downtrend.

Rating: Hold. The indicators suggest a potential for short-term recovery, but the overall bearish trend and declining RSI metrics warrant a cautious approach before considering further investments.